Magnolia Oil & Gas price target raised to $33 from $31 at Susquehanna

Susquehanna raised the firm’s price target on Magnolia Oil & Gas to $33 from $31. The firm updated its model for its E&P coverage ahead of Q2 results. They noted operators continue their maintenance capital programs, while focusing on driving improving well productivity and also noted M&A activity has ramped up this year as companies look to shore up their inventory positions and improve operating efficiencies.